Q: To get residency in the UAE, can I buy a property that is financed worth AED 1 million or it must be fully paid in cash? A: You can get a 3 years residency for a property worth AED 750K, or 5 years for a property worth AED 2M if mortgaged and 50% at least to be paid or NOC to be obtained…

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Can you buy a property on mortgage and get residency in the UAE?

To get residency in the UAE, can I buy a property that is financed worth AED 1 million or it must be fully paid in cash?

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Eman Al Ali

Eman Al Ali Advocates & Legal Consultants

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7 Oct 2021, 15:59

It should be cash, but I can help you get residency here.

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Elsayed Abdalla

Momentum Legal & Management Consultancy

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7 Oct 2021, 18:05

Hi,

You can get a 3 years residency for a property worth AED 750K, or 5 years for a property worth AED 2M if mortgaged and 50% at least to be paid or NOC to be obtained from the bank.

Regards,

Sayed Abdalla

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Can you buy a property on mortgage and get residency in the UAE?